Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Colorado City is a small city located in the state of Texas. The city has a population of 3,887 residents. At 78%, the majority of the Colorado City population is White; this is followed by 7% Black and 1% Asian. Additionally, more than a quarter of the population of Colorado City are of Hispanic or Latino origin, and 31% of the population also speak Spanish. If you are not a fan of long commutes, you will enjoy living in Colorado City. With an average one way commute time of only 21 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Are you trying to decide if living in Colorado City is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. The best areas in Colorado City and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, commute, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
Using data and statistics Colorado City has received a livability score of 68 out of 100. This score is ranked in the 73rd percentile when compared to all other cities. Based on the rankings for each individual category, Colorado City has been rewarded with high marks for housing (A+). There are some categories that Colorado City ranks poorly for, including: amenities (F), crime (D) and employment (D-). It might be worth taking a closer look to figure out why.
The impact of the cost of living on your monthly financial situation cannot be overstated. Whether it's housing expenses, grocery bills or healthcare costs, it's crucial to ensure that your chosen place of residence is not only comfortable but also affordable. Fortunately, in Colorado City, the cost of living is 25.36% below the national average, offering the assurance that after meeting your financial obligations, there may be a surplus left in your wallet. This financial advantage not only promotes financial stability but also opens up opportunities for savings and a better quality of life. In a world where expenses can be overwhelming, Colorado City stands out as a place where you can enjoy both comfort and fiscal responsibility, ensuring a brighter financial future.
When contemplating a move, job prospects often top the list of priorities. In Colorado City, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.03% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Colorado City excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Colorado City meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Colorado City. Everything else becomes a lot less important if it turns out that home prices in Colorado City are simply unattainable. The median home price for Colorado City homes is $63,300, which is 55.6% lower than the Texas average. If we take a closer look at the affordability of homes in Colorado City, we’ll see that the home price to income ratio is 1.5, which is 42.3% lower than the Texas average.
| Statistic | Colorado City | Texas | National |
| Average one way commute | 21min | 26min | 26min |
| Workers who drive to work | 78.0% | 80.3% | 76.4% |
| Workers who carpool | 20.8% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.0% | 1.6% | 2.8% |
| Working from home | 1.2% | 4.3% | 4.6% |
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